Funding you earn now, next payment 22:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.160%
Price spread now: Kraken Futures against KuCoin+0.072%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1701.704% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)−0.544%−$54 · spread now +0.072%, 7d avg +0.070%
=The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1821 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $2.9M | $1.8M | 50x |
| Short | Kraken Futures PF_ZROUSD | 1.1829 | 0.0317 | get 0.0040% / 1h | 0m 26s | $251K | $566K | 25x |
KuCoin ZROUSDTM
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.56
- Price spread: +0.072% → +0.070%
- $0.15
- Slippage, 4 orders
- −$148.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$124.71
- Costs to cover
- 1.704%
- Break-even
- 26.2 days
Slippage from KuCoin: live order book, 7 min ago; Kraken Futures: live order book, 23 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 7 min ago | 4.23 bp | 54.8 bp −$55 | 137.4 bp −$1,374 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 25.70 bp | 39.7 bp −$40 | 145.4 bp −$1,454 | doesn't fit | doesn't fit |
ZRO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0432% | 1h | 1.1798 | −0.196% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1816 | −0.042% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0076% | 1h | 1.1814 | −0.060% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1813 | −0.069% | $4.5M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1823 | +0.017% | $37.5M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1823 | +0.016% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1809 | −0.098% | $138K | $191K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1809 | −0.100% | $22.2M | $32.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1800 | −0.178% | $18.0M | $15.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1805 | −0.135% | $3.2M | $8.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.093% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1812 | −0.076% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1821 | long leg | $2.9M | $1.8M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1812 | −0.076% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1808 | −0.110% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1824 | +0.025% | $95K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1792 | −0.246% | $2.2M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.008% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1818 | −0.025% | $88K | $911K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1816 | −0.043% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0144% | 4h | 1.1807 | −0.118% | $1.1M | $264K | 75x | as long as short |
| Nado ZRO-PERP | +0.0179% | 1h | 1.1812 | −0.077% | $1.3M | $129K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1830 | +0.074% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0317% | 1h | 1.1829 | +0.072% | $251K | $566K | 25x | |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1850 | +0.245% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.2360% | 1h | 1.1805 | −0.135% | $784K | $539K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD